NEW YORK, December 28, 2025, 21:16 ET — Market closed.
- GE Vernova shares last closed down 0.6% at $663.46 on Friday. [1]
- The company’s early-December investor update lifted 2026 targets and expanded shareholder returns, including a bigger buyback and dividend. [2]
- Markets reopen Monday with key U.S. data ahead, while GE Vernova’s next earnings report is expected in late January. [3]
GE Vernova Inc. (GEV) shares ended the last session down 0.6% on Friday at $663.46. The stock traded between $660.49 and $668.20. [4]
The move comes as investors head into the final trading days of the year still focused on power-demand plays tied to data centers and grid spending. GE Vernova has been a key beneficiary of that theme, with management pointing to a long-cycle buildout in electricity infrastructure. [5]
Why it matters now: the company sits in a market where supply is tight for large gas turbines, and lead times are stretched. Reuters Breakingviews said customers have been warned they may wait years for deliveries as order books fill. [6]
At an investor update in New York on Dec. 9, GE Vernova raised its multi-year outlook and laid out new 2026 targets. The company also said its board doubled the quarterly dividend to $0.50 per share and increased its share repurchase authorization to $10 billion, from $6 billion. [7]
GE Vernova said it reaffirmed 2025 revenue guidance of $36 billion to $37 billion and an adjusted EBITDA margin of 8% to 9%. Adjusted EBITDA is a measure of operating profit before interest, taxes, depreciation and amortization, with certain items excluded. [8]
The company also raised its 2025 free cash flow guidance to $3.5 billion to $4.0 billion and forecast $4.5 billion to $5.0 billion for 2026. Free cash flow is cash left after operating costs and capital spending. [9]
Management highlighted order momentum in gas power. GE Vernova said it had signed 18 gigawatts of gas turbine contracts quarter-to-date and expected to reach 80 gigawatts of combined slot reservation agreements and backlog by year-end. (A gigawatt is a unit of power capacity.) [10]
Capacity constraints are also shaping the competitive landscape. Reuters Breakingviews cited an Institute for Energy Economics and Financial Analysis report saying GE Vernova, Siemens Energy and Mitsubishi Heavy Industries account for about 90% of the market, with some customers facing waits of up to eight years. [11]
Investors are also watching supply-chain risks tied to critical materials. CEO Scott Strazik said earlier this month the company was working with the U.S. government to bolster stockpiles of the rare earth element yttrium after Chinese export restrictions tightened supplies, Reuters reported. [12]
Recent deal announcements have kept attention on demand across renewables and grids. GE Vernova agreed to supply turbines for a 256-megawatt wind farm in South Australia, Renewables Now reported, while its grid business in India has pointed to new high-voltage direct current work — HVDC, a technology used to move electricity efficiently over long distances. [13]
Analysts have largely framed the stock’s December surge around the investor update’s higher targets and capital returns. William Blair analyst Jed Dorsheimer said the event “fired on all cylinders,” according to Reuters. [14]
With the market closed, traders will be watching near-term technical markers from the last session, including support around Friday’s low near $660 and resistance around the session high near $668. [15]
Before Monday’s open, attention turns to the week’s sparse U.S. calendar, including pending home sales due at 10 a.m. ET and minutes from the Federal Reserve’s December meeting due Tuesday. U.S. markets are closed on Thursday for New Year’s Day. [16]
GE Vernova’s next major company catalyst is its fourth-quarter report, expected on or around Jan. 28, according to Nasdaq. Investors are likely to focus on updates to the 2026 margin path and whether free-cash-flow performance tracks the company’s 2025 range. [17]
GE Vernova was spun off from General Electric in 2024 and operates across power, wind and electrification equipment and services. [18]
References
1. finance.yahoo.com, 2. www.gevernova.com, 3. www.marketwatch.com, 4. finance.yahoo.com, 5. www.gevernova.com, 6. www.reuters.com, 7. www.gevernova.com, 8. www.gevernova.com, 9. www.gevernova.com, 10. www.gevernova.com, 11. www.reuters.com, 12. www.reuters.com, 13. renewablesnow.com, 14. www.reuters.com, 15. markets.financialcontent.com, 16. www.marketwatch.com, 17. www.nasdaq.com, 18. www.reuters.com
